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How to Buy Algorand (ALGO)

Level up your trading experience with Bybit, a one-stop trading platform where you can buy, sell, trade, stake and hold ALGO securely and easily.

How to Buy Algorand (ALGO) on Bybit

Bybit features an intuitive interface that obviates the confusing Algorand (ALGO) buying process. Since security and reliability are paramount at Bybit, we’ve partnered with payment providers who share these same values to help you get your hands on ALGO securely. With Bybit, you can obtain ALGO in a few quick ways:

Buy ALGO With a Credit/Debit Card

Sign up for a Bybit account, or log in to your existing Bybit account to buy stablecoins or BTC directly using your credit or debit card. Then, trade your purchased coins for ALGO on Bybit Spot.

Buy ALGO via Peer-to-Peer (P2P) Trading

Select a preferred advertiser with your ideal USDT price listed on the Bybit P2P platform, then proceed with the payment process. The purchased coins should reflect in the asset wallet once the seller has successfully released the coins. You can then use your purchased coins to buy ALGO on Bybit.

Trade ALGO

Choose to deposit with Bybit from a wide variety of cryptocurrencies, which you can then exchange for ALGO at a highly competitive market rate.

Where to Buy Algorand (ALGO)

Register or log in to check out instantly with your preferred amount of ALGO on Bybit — all at your fingertips.

Guide to Buying ALGO via Bybit Express

Mobile App

  • Download the Bybit App via App Store or Google Play Store.
  • Register and verify your account (or log in to your existing Bybit account).
  • Tap on Buy Crypto, then select the Express button.
  • Enter the number of stablecoins you wish to purchase with your preferred fiat currency.
  • Proceed with payment upon selecting your preferred payment channel.
  • Complete the KYC process and fill in the order by entering your card information.
  • Use the purchased stablecoins to buy ALGO via Bybit Spot/Derivatives.


  • Register and verify your account, or log in to your Bybit account.
  • Tap on Buy Crypto on the menu, and select Express from the drop-down menu.
  • Enter the amount of USDT you wish to purchase with your preferred fiat currency.
  • Proceed with payment upon selecting your preferred payment channel.
  • Complete the KYC process and proceed with your purchase.
  • Use the purchased stablecoins to buy ALGO via Bybit Spot/Derivatives.

Guide to Buying ALGO via Bybit Express

Why Buy ALGO on Bybit?

Crypto platforms are a dime a dozen these days. Here's why Bybit is the best trading platform when you choose to buy ALGO:

1. Ease and convenience

Bybit offers an easy-to-use interface on both mobile and desktop for fast and secure transactions. Only a few clicks are needed to buy, sell, trade and stake ALGO.

2. Stay up-to-date and get ahead

Get real-time market data to monitor the competitive market liquidity at your fingertips.

3. Secure and reliable

Bybit maintains a 99.9% availability track record, even through periods of market volatility. Benefit from Bybit's daily insurance fund to minimize losses.

4. Round-the-clock customer support

Get answers to all of your questions, 24/7, with our multilingual support.

What Is Algorand (ALGO)?

Algorand (ALGO) is a permissionless pure proof of stake (PPoS) blockchain network featuring high transaction throughput and low costs. The chain positions itself as a bridge between the traditional finance and decentralized finance (DeFi) industries. Algorand is capable of achieving speeds of up to 1,000 transactions per second (TPS) with fees costing small fractions of a cent.
The ALGO coin is used on the chain for crypto fund transfers, payment of transaction fees, and staking. Since late 2021, ALGO holders can also participate in the platform’s governance voting. ALGO is a supply-capped coin, with around 70% of its maximum permitted supply of 10 billion already in circulation.

Learn More About Algorand (ALGO)

Master Algorand’s fundamentals — its technology, benefits, limitations, and the future of ALGO.
Learn More

Why Buy Algorand (ALGO)?

The ALGO coin might be among the hidden gems of the crypto market. Thanks to the platform’s technical efficiencies and low transaction costs, it has the potential to attract both traditional finance market players and new DeFi projects.
With ALGO, you can:
  • Invest in one of the most carbon-friendly blockchain projects
  • Participate in staking on the Algorand chain to earn crypto rewards
  • Be part of the project’s governance community
  • Own a coin with significant potential, as the traditional finance and DeFi sectors hunt for more scalable and efficient operational platforms

What Can I Do With My ALGO on Bybit?

Hold/Store ALGO

You can buy ALGO and hold on to it over an extended period as its value increases. Store ALGO in your personal Bybit account — and access it anytime on Bybit's mobile app or web page.

Trade ALGO

Bybit offers a wide selection of trading pairs on both the spot and derivatives markets. Trade ALGO for over 100 cryptocurrencies on Bybit’s trading platform.

Stake and Earn ALGO

Grow your digital assets. Maximize the potential of your asset holdings by earning a guaranteed APY through Bybit’s high-yield flexible savings program. Enjoy the flexibility to stake and unstake your ALGO anytime, anywhere.

Get Your ALGO Today

Level up your trading experience with Bybit. Buy ALGO fast, easily, safely and reliably with a wide variety of fiat currencies to choose from: USD, AUD, EUR, HKD, JPY and more.
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